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I recently tried to figure out how to transfer some GBP in to a crypto asset and couldn't find a way to do so without losing 3% or more. Direct GBP pairings di
by nly 5y ago
I recently tried to figure out how to transfer some GBP in to a crypto asset and couldn't find a way to do so without losing 3% or more.
Direct GBP pairings didn't exist, so choices were either go through a USD denominated service or through multiple pairings, losing a high % each time and/or gas fees in uniswap etc.
None of the forex efficient services like Wise or Revolut will wire money to US crypto exchanges.
In the end I didn't bother. People really underestimate how quickly regulators can snuff out mainstream crypto.